"In Hong Kong, establishing a charity must first establish a legal entity. The most common practice is to register a company first. After establishing the company, you can then apply to become a charity," said Zhang Xiaohai, the director of external affairs for China of the fund, while examining the gap in educational resources. Yesterday, the reporter logged onto the website of the Hong Kong Tax Department, where the website published a list of charities and charitable trusts exempted from taxation under Section 88 of the Inland Revenue Ordinance, with a cut-off date of February 29, 2012. "ANIMALS ASIA FOUNDATION LIMITED" appeared on page 19 of the list. According to the ordinance, funds used for charitable purposes by charitable institutions or charitable trusts of a public nature that are exempt from tax, or funds used for charitable purposes by the government. In its statement, Animals Asia Foundation claimed that a guarantee company under Hong Kong law is different from the definition of a "guarantee company" under mainland law, as it is registered in Hong Kong as a "guarantee limited company without share capital."